Research

Besi Number Update

Alchip (3661 TT): Higher Volumes, Lower Margins

Tesla 1Q26 Deliveries: Mixed regionally, in line overall. Maintain Buy

US Internet: Social Media Teen Use Risk Across Our Coverage (META, GOOGL, SNAP, PINS, etc.)

Brightspeed – Execution is a must given competitive backdrop

Tesla Model Update

Indian Mobile – Implications for Bharti & Jio if Vodafone IDEA raises more capital

Indus Towers - Implications for Indus of VIL raising more capital

Intel: is 35-40% Foundry gross margin ever achievable?

Global EM Telcos & Towers – Surprisingly resilient, so far – NSR GEM Top-10 April ‘26 Update

Gold Circuit (2368 TT): ASIC Programs Drive ’26 Growth

The Tech Infrastructure Quarterly Bible 4Q25

Salt Q4 25: Good execution in a tough Swiss market – nice deal for MTG

European Tariff Tracker March 2026: Further slowdown in German mobile but better in UK, NL and France 

VIPS: 1Q26 Preview - Lowering 1Q Estimates Partly due to Slowdown in Mar

Advanced Echem (4749 TT): Levered to TSMC Advanced Nodes

Bible 4Q25 - Foundries: TSMC outperforming on all fronts. We see further upside. Top Pick.

Court Blocks NXST/TGNA Deal

AWS & GCP AI Revenues: Lower near-term, higher long-term for both

Tesla 1Q26 delivery preview: signs of stabilization